Social/Politics
Government Allots RON1.42B From Privatization Proceeds To EU Fund Management Authorities
The Romanian Government has decided to temporarily allot RON1.42 billion from privatization proceeds to provide financing to EU fund management authorities for the months of January and Febr...
Government To Discuss Extending First Home Program End-February
Romania's government will discuss a bill in February amending the First Home program to include homeowners who want to buy bigger homes if they sell their current property.
Government Approves 9% VAT On Tourism Services
Romania's Governments approved Wednesday a VAST rate of 9% instead of 24% for tourist accommodation services.
First Home Program Gets RON2.5B For Guarantees This Year
This year's government-guaranteed mortgage lending First Home program will have a maximum guarantee budget of RON2.5 billion plus funds left unused last year, the government decided Wednesda...
World Bank Cuts Romania’s 2015 GDP Growth Forecast To 2.9%
The World Bank estimates Romania’s economy will grow 2.9% in 2015, a downward revision from its previous forecast, but is expected to accelerate to 3.2% next year.
Industrial Production Loses Steam In November
Romanian adjusted industrial production went down 0.8% in November compared with the previous month, on lower output in most sectors, the country’s statistics institute INS said Wednesday.
Romania's Power Output Rose 0.6% In January-November 2014
Romanian energy output rose 0.6% on the year to 20 million tons of oil equivalent in the first eleven months of 2014, fueled by higher production in most sectors, official data showed Wednes...
Romania 3Q GDP Growth Revised Slightly Up
Romania’s gross domestic product grew 3.3% in the third quarter of 2014 compared with the year-earlier period, revised data from the country’s statistics office INS showed Wednesday.
Banks Getting Ready To Grant A Record 30,000 First Home Loans In 2015
Banks will be able to grant more than 30,000 loans via the First Home scheme in 2015 if the government allocates a 2.5 billion lei (EUR557 million) cap as announced at the beginning of the y...